EDUARDO CASTRO-WRIGHT AND LULU C. WANG NAMED TO METLIFE’S BOARD OF DIRECTORS
NEW YORK, February 27, 2008
MetLife, Inc. (NYSE: MET) announced today that it has named Eduardo Castro-Wright, 53, president and chief executive officer of Wal-Mart Stores, USA, and Lulu C. Wang, 63, chief executive officer of Tupelo Capital Management, to its board of directors effective March 3, 2008. With the addition of Castro-Wright and Wang, MetLife’s board will have 16 members.
"I am delighted that Eduardo and Lulu will be joining MetLife’s board," said C. Robert Henrikson, chairman of the board, president and chief executive officer of MetLife, Inc. "Eduardo’s extensive experience resulting from his leadership roles at several well known brands in the U.S., as well as in the Latin America and Asia Pacific regions, will undoubtedly benefit MetLife as we continue to grow our businesses outside of the U.S. Similarly, Lulu’s broad knowledge of financial services and capital management, as well as her involvement in a number of international business ventures, will make her a great addition to the board."
Castro-Wright joined Wal-Mart in 2001 and worked in Mexico through 2005, first as president and later as chief executive officer of Wal-Mart de Mexico. He then joined Wal-Mart in the U.S. as chief operating officer of the Wal-Mart Stores division in early 2005 and was promoted to his current role later that year.
Previously, Castro-Wright served in two leadership roles at Honeywell International, Inc. Most recently, he was the president and chief executive officer of Honeywell Transportation & Power Systems. Prior to that, he was president and chief executive officer of Honeywell Asia/Pacific. Castro-Wright also held several leadership positions at Nabsico, including president of Nabsico Asia/Pacific, as well as president and chief executive officer of the company’s business in Venezuela, and then in Mexico. Castro-Wright is a member of the board of directors for the Hispanic Scholarship Fund and Students in Free Enterprise. He received a bachelor’s degree in mechanical engineering from Texas A&M University.
Wang founded New York-based investment management firm Tupelo Capital Management in 1997 and has been engaged in professional money management since 1972. Prior to founding Tupelo, Wang had been a director and executive vice president of Jennison Associates Capital Corporation. In this role, she managed assets for pension, endowment and mutual funds. Before joining Jennison in 1988, Wang oversaw equities management at Equitable Capital Management as senior vice president and managing director.
Wang serves on the boards of the Asia Society, Columbia Business School, Metropolitan Museum of Art, Rockefeller University, WNYC Public Radio and the Committee of 100. Wang also serves as a trustee emerita of Wellesley College and as a consulting director of the New York Community Trust. Wang received her bachelor of arts degree from Wellesley College and a masters in business administration from Columbia Business School. She is a chartered financial analyst.
MetLife, Inc. is a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement & savings products and services to corporations and other institutions. For more information, please visit www.metlife.com.